Your capital is at risk. Trade only with funds you can afford to lose.
FP Markets
#15 in our CFD broker rankings
Accepts traders from Ecuador
Rating breakdown
- Regulation & trust3.31.1 lower than IG (4.4)
- Assets & markets4.00.5 lower than IG (4.5)
- Fees & costs4.10.9 lower than IG (5.0)
- Platforms & tools4.00.8 lower than IG (4.8)
- Accounts & banking3.80.2 lower than IG (4.0)
- Education3.51.3 lower than IG (4.8)
- Research3.51.4 lower than IG (4.9)
- Customer support3.70.8 lower than IG (4.5)
IG’s score. Numbers show the difference.
IG
#22 in our CFD broker rankings
Accepts traders from Ecuador
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Rating breakdown
- Regulation & trust4.41.1 higher than FP Markets (3.3)
- Assets & markets4.50.5 higher than FP Markets (4.0)
- Fees & costs5.00.9 higher than FP Markets (4.1)
- Platforms & tools4.80.8 higher than FP Markets (4.0)
- Accounts & banking4.00.2 higher than FP Markets (3.8)
- Education4.81.3 higher than FP Markets (3.5)
- Research4.91.4 higher than FP Markets (3.5)
- Customer support4.50.8 higher than FP Markets (3.7)
FP Markets’s score. Numbers show the difference.
| FP Markets | IG | |
|---|---|---|
| Overview | Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist. | Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. |
| Customer Reviews | Based on 1 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | ||
| Comment by Reviewer | “FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.” | “IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB |
| Margin Trading | Yes | Yes |
| Margin Rate | – | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities |
| STP Account | Yes | No |
| ECN Account | Yes | No |
| DMA Account | Yes | Yes |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | Yes |
| Negative Balance Protection | Yes | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management. | IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
| Copy Trading | Yes | No |
| Copy Trading Platform | FP Markets introduced a proprietary social copy trading platform, alongside access to the MetaTrader signals market. These offerings, coupled with support for Myfxbook, establish FP Markets as an excellent option for social copy trading, even if the system is less intuitive compared to cTrader Copy. | – |
| Social Trading | Yes | No |
| Trade Signals | – | Yes |
| VPS Hosting | Yes | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | Yes |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | Yes |
| Inactivity Fee | $0 | $12 |
| Islamic Account | Yes | No |
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| CFD Trading | ||
| Overview | FP Markets offers CFD trading on a first-rate selection of financial markets, spanning stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. With tight spreads, fast execution speeds, leverage up to 1:500 and top-tier liquidity, short-term traders get an efficient and seamless trading experience. | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. |
| Leverage | 1:30 (UK), 1:500 (Global) | 1:30 (Retail), 1:250 (Pro) |
| FTSE Spread | 1.64 | 1.0 |
| GBPUSD Spread | 1.9 average | 0.9 |
| Oil Spread | 0.04 | 2.8 |
| Stocks Spread | Variable | 0.02 |
| Forex Trading | ||
| Overview | FP Markets stands out as an excellent option for forex traders, boasting a selection of over 70 currency pairs covering a wide range of currencies, especially since expanding its choice of exotics. With average spreads of just 0.1 on the EUR/USD in its Raw account, the broker provides competitive pricing for day traders. | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. |
| GBPUSD Spread | 0.2 | 0.9 |
| EURUSD Spread | 0.1 | 0.86 |
| EURGBP Spread | 0.3 | 0.9 |
| Assets | 70+ | 80+ |
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| Cryptocurrency | ||
| Overview | FP Markets supports CFDs on popular cryptos including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Yet while you can speculate on price movements through CFDs, direct ownership of coins is not supported. FP Markets also doesn’t add up-and-coming tokens for crypto enthusiasts on the pulse. | IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore. |
| Spread | 17.3 (Bitcoin) | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.